Search results

1 – 10 of over 16000
To view the access options for this content please click here

Abstract

Details

Economics, Econometrics and the LINK: Essays in Honor of Lawrence R.Klein
Type: Book
ISBN: 978-0-44481-787-7

To view the access options for this content please click here
Book part
Publication date: 8 November 2019

Aliaksei Bykau and Stanislau Vysotski

The chapter analyses the international economic specialization of the Republic of Belarus based on the balance of payments and national statistics data by type of economic…

Abstract

The chapter analyses the international economic specialization of the Republic of Belarus based on the balance of payments and national statistics data by type of economic activity. It also demonstrates application of the customized Trade in Value Added methodology for analysis of the international economic specialization of Belarus. The methodology has been developed for the calculation of selected key figures for 2011–2016. Using of “Input–Output” tables to measure intersectoral relationships enabled assessment of the international trade not only in terms of prices of goods and services, but in terms of value added of each product. The analysis shows that the most important industries of the international economic specialization of Belarus are oil products, chemical products, food stuffs, equipment and vehicles, transport services, computer services. Domestic value added share of exports is about 60%, which corresponds to the level of such countries of Central and Eastern Europe as the Czech Republic, Slovakia, Estonia, Poland. Consequently, import intensity of exports accounts for about 40%. The results of the study have allowed to assess the interrelation between production, exports, and economic growth and to provide recommendations ensuring a deficit-free balance of payments.

To view the access options for this content please click here
Article
Publication date: 1 February 2002

Dimitra K. Alvertos

This study offers a political risk prediction model that replicates a known political risk index on the basis of economic and political variables. The results show that…

Abstract

This study offers a political risk prediction model that replicates a known political risk index on the basis of economic and political variables. The results show that the political risk is affected by the level of the United Nations human development index, the gross domestic savings as a percentage of gross domestic product, the labor force as a percentage of total population, the total expenditures on health and education as a percentage of gross domestic product and the level of the terms of trade.

Details

Review of Accounting and Finance, vol. 1 no. 2
Type: Research Article
ISSN: 1475-7702

To view the access options for this content please click here
Article
Publication date: 2 July 2021

Ahmet Eren Yıldırım and Mete Dibo

This study analyzes the impacts of income inequality after direct taxation on the gross domestic product as a fiscal policy tool in the development process.

Abstract

Purpose

This study analyzes the impacts of income inequality after direct taxation on the gross domestic product as a fiscal policy tool in the development process.

Design/methodology/approach

The model of the study is based on Munielo-Gallo and Roca-Sagales (2013), which examined the fiscal policy, income inequality and economic growth simultaneously. The study uses two models to analyze the relationship between income inequality and gross domestic production under direct taxation by employing autoregressive distributed lag (ARDL) model for selected emerging market economies.

Finding

Empirical results reveal a negative long-run relationship between variables in some countries in line with the literature, despite a positive relationship in others. Moreover, the results exhibit the negative impact of income inequality after direct taxation on the gross domestic product decreases.

Originality/value

Results of the study highlight the importance of direct taxation on income inequality concerning the reflects on economic growth. It suggests that when the income distribution is fairer, it may positively affect the gross domestic product. The study provides a new perspective to the related literature by investigating the role of income inequality under direct taxation for gross domestic product.

Details

International Journal of Social Economics, vol. 48 no. 10
Type: Research Article
ISSN: 0306-8293

Keywords

To view the access options for this content please click here
Article
Publication date: 1 February 1987

James Love

The issue of export instability exerts an enduring fascination for economists with an interest in the area of economic development. Over several decades a voluminous…

Abstract

The issue of export instability exerts an enduring fascination for economists with an interest in the area of economic development. Over several decades a voluminous literature has emerged embracing debates on the domestic consequences and on the causes of export instability. The purpose here is to examine these debates and an attempt is made to set out different theoretical stances, to classify and examine empirical findings, and to indicate the directions in which the debates have moved. Such a statement of a review article's purpose is, of course, incomplete without more specific delineation of the boundaries within which the general objectives are pursued. Here that delineation has three facets.

Details

Journal of Economic Studies, vol. 14 no. 2
Type: Research Article
ISSN: 0144-3585

To view the access options for this content please click here
Article
Publication date: 29 May 2007

Egon Žižmond and Matjaž Novak

This paper aims to provide empirical evidence on technology convergence within economies of the European Union which is usable for determining the economic growth policy…

Abstract

Purpose

This paper aims to provide empirical evidence on technology convergence within economies of the European Union which is usable for determining the economic growth policy aimed at sustainable long‐run economic growth and the convergence of the development between EU‐member states.

Design/methodology/approach

Two different empirical procedures are applied by estimating the technology convergence within the European Union on Eurostat data set. The first is framework developed by Dowrick and Nguyen. The second one is the authors' original contribution to the methodology which is based on the frontier production functions.

Findings

Significant technology convergence is recognized between 15 old EU‐member states and eight new‐member states. However, the technology convergence has obviously not accelerated the convergence of gross domestic product per labor unit between exposed groups of economies. Technical inefficiency is recognized as the main source that impedes a spill‐over effect of technology convergence. Following this it is established that in the future more effort should be directed into elimination of technical inefficiency.

Originality/value

Presented findings can be used to arrange the economic policy measures aimed at accelerating technology development in case of European Union.

Details

Industrial Management & Data Systems, vol. 107 no. 5
Type: Research Article
ISSN: 0263-5577

Keywords

To view the access options for this content please click here
Article
Publication date: 6 February 2017

Xue Jin, Kedong Yin and Xuemei Li

On the basis of the time series of the land area economy and marine economy data during 1996-2015, the authors study the relationship between land area economy and marine…

Abstract

Purpose

On the basis of the time series of the land area economy and marine economy data during 1996-2015, the authors study the relationship between land area economy and marine economy, and divides the relational schema of the land-sea economy by doing causality test of land-sea economy, grey correlation degree analysis and relational schema analysis of the land-sea economy in coastal provinces and cities. The paper aims to discuss these issues.

Design/methodology/approach

The paper uses methods such as Granger causality test and grey correlation degree analysis to preliminarily demonstrate the relationship of land-sea economy.

Findings

With Granger causality test, we can draw that there is a causal relationship between the land area economy and marine economy. Further with the relational schema analysis, we can draw that the relationship between marine economy and land economy in 11 coastal provinces and cities can be summed up into four kinds of patterns such as land-sea weak type, land-sea strong type, sea strong land weak type and land strong sea weak type.

Practical implications

For the government and related disaster management departments, when policies are made and relevant measures are taken in the process of planning economic layout of land-sea economy, similar policies or measures may be taken for the same type of provinces, in order to improve administrative efficiency.

Originality/value

The development and utilization between land economy and marine economy has a certain contradiction, which must be balanced to realize the balanced development of land economy and marine economy. Therefore, it is necessary to comprehensively assess the grey relational analysis of land-sea economy, in order to provide the basis for reasonable policies.

Details

Grey Systems: Theory and Application, vol. 7 no. 1
Type: Research Article
ISSN: 2043-9377

Keywords

To view the access options for this content please click here
Article
Publication date: 2 August 2013

Mico Apostolov

The purpose of this paper is to examine corporate governance mechanisms' influence on governance and enterprise restructuring in Southeast Europe (Western Balkans

Abstract

Purpose

The purpose of this paper is to examine corporate governance mechanisms' influence on governance and enterprise restructuring in Southeast Europe (Western Balkans) transition economies: Albania, Bosnia and Herzegovina, Croatia, Macedonia, Montenegro and Serbia. Hence, the basic hypothesis to test governance and enterprise restructuring is that it is influenced by gross domestic product and foreign direct investments dynamics.

Design/methodology/approach

The econometric model used in this study is a regression model. Further, the estimation is based on data provided by the databases of the European Bank for Reconstruction and Development (EBRD) Transition report series, the World Bank Database and the National Banks' databases of the countries in Southeast Europe. The hypothesis is that the variable governance and enterprise restructuring is encouraged by movements in gross domestic product and especially foreign direct investments dynamics.

Findings

It is apparent that governance and enterprise restructuring advance through time due to imposed policies, as well as overall progress of the economies' gross domestic product and especially the influx of foreign direct investments.

Originality/value

This paper is a contribution to the research developing the business aspects of the Southeast Europe economy, as there is constant lack of scientific papers that deal with the specific issues of corporate governance and enterprise restructuring.

Details

Corporate Governance: The international journal of business in society, vol. 13 no. 4
Type: Research Article
ISSN: 1472-0701

Keywords

To view the access options for this content please click here
Article
Publication date: 1 April 2003

Georgios I. Zekos

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination…

Downloads
53910

Abstract

Aim of the present monograph is the economic analysis of the role of MNEs regarding globalisation and digital economy and in parallel there is a reference and examination of some legal aspects concerning MNEs, cyberspace and e‐commerce as the means of expression of the digital economy. The whole effort of the author is focused on the examination of various aspects of MNEs and their impact upon globalisation and vice versa and how and if we are moving towards a global digital economy.

Details

Managerial Law, vol. 45 no. 1/2
Type: Research Article
ISSN: 0309-0558

Keywords

To view the access options for this content please click here
Article
Publication date: 18 May 2010

Konstantinos P. Vergos, John Mylonakis and Apostolos G. Christopoulos

The purpose of this paper is to investigate the effect of macroeconomic factors in income growth, as defined by IS‐LM, and the relation between these factors and economic…

Downloads
2222

Abstract

Purpose

The purpose of this paper is to investigate the effect of macroeconomic factors in income growth, as defined by IS‐LM, and the relation between these factors and economic cycles. More precisely, the paper aims to investigate how the demand and supply factors affect income growth, while the relation between these factors and economic cycles is also examined.

Design/methodology/approach

The sample under examination is the annual US data for 1928‐2007, using the official data as released in the US Bureau of Economic Analysis, while for the crises the used data have been provided by the National Bureau of Economic Research, Graduate Center of the City University of New York. The Business Cycles were examined, using the methodology developed by the National Bureau of Economic Research, Graduate Center of the City University of New York.

Findings

The research findings imply that government consumption expenditure growth is the most important factor that affects Gross Domestic Product growth positively. A change of 10 percent in Government consumption leads to 1.65 percent Gross Domestic Product growth. Also, the duration of crises is affected by lowering interest rates, while being also affected by government and personal consumption. Overall, the empirical findings of the study indicate that the role of private investments for Gross Domestic Product growth may be overrated among policy makers, given the low contribution of this factor to Gross Domestic Product growth.

Research limitations/implications

The model used has some limitations. First, it does not examine the effect of a policy over Gross Domestic Product growth in longer time‐spans. Second, it does not investigate factor inter‐reactions. It could also be argued that other factors that would stimulate growth or affect crisis are not accounted for, such as wars, tax policies, international trade and population growth. Finally, the model investigates only the US economy; therefore, it could be argued that the findings may not coincide with findings from other economies.

Originality/value

The paper contributes to the economics literature by adding a further insight into the possible mix of policy that could be followed by regulatory authorities and governments for both the boost of economy and the finalization of economic crises.

Details

EuroMed Journal of Business, vol. 5 no. 1
Type: Research Article
ISSN: 1450-2194

Keywords

1 – 10 of over 16000